Direxion Daily Gold Miners Be (DUST)

[mannken]

Moving averages

The Nugt 10 & 20 SMA, EMA's are a hairline away from breaching the 50 MA for a bearish signal.

I'm more specifically now watching 44.50 area and 45.35 area on Nugt.

I will be adding extra long dust if Nugt gets to 44.50 area, and suspecting it will be on an opening bounce tomorrow.

If Nugt happens to rip thru 15.35 and reverse the MA trend line trajectory, then I'll have to re-position the trade entirely.

Still counting on extended Sept downside in Gold which may coincide with filling in on overbought/oversold indicators.